Ethereum
Best Ethereum-based tokens to buy this July!
The cryptocurrency market started July on a strong bullish note by adding over 4% to its global valuation in the last 24 hours. Moreover, the altcoin leader, Ethereum Priceregained momentum and jumped 3.26% over the past day.
Following in their footsteps, ETH-based tokens have shown a similar trend by gaining significant value in their respective portfolios. With the growing bullish sentiment, will these altcoins dominate the major cryptocurrencies this month?
Let’s get to it, in this article, we have covered the price analysis and long-term targets of the top 5 Ethereum-based altcoins that have the potential to register significant gains this month as the market sentiments have turned bullish.
OrigineTrail (TRAC):
After successfully testing its $0.60 support level, TRAC price regained momentum and saw a 10.82% surge over the past day with a +63.98% change in its trading volume. Moreover, the altcoin surged by 30.79% over the past week and has a YTD return of 17.05%.
TradingView: TRAC/USDT
The technical indicator, MACD, is showing a steady rise in the green histogram, indicating an increase in buying over selling pressure in the crypto space. Moreover, the averages are showing a positive trend, suggesting that the price will continue to gain value in the coming times.
Additionally, the Simple Moving Average (SMA) is consistently acting as support for the price chart in the 1D time frame, suggesting increased bullish sentiment for the TRAC coin price.
If the market sustains OriginTrail price above the $0.770 support level, the bulls will regain momentum and prepare to test its $1.132 high. Conversely, a bearish reversal could pull TRAC price towards its $0.60 low this month.
PepeCoin (PEPECOIN):
Launched on the Ethereum blockchain on April 15th following the memecoin craze by pioneers and visionaries in 2016, this project introduced an ecosystem of entertainment OS-style applications. It integrates DeFi, gaming, unique NFT experiences, and cutting-edge memetics.
With a trading price of $3.52, a circulating supply of 115,752,038 PEPECOIN, and a total supply of 133,769,419 PEPECOIN tokens, this altcoin has secured the 208th position in the global cryptocurrency list with a market capitalization of $407.441 million.
On the positive side, the memecoin has seen a 7.64% jump in the past day with a trading volume of $4.64 million. Additionally, it has added 27.26% in the past week. Despite a 35.62% drop in the past 30 days, it has seen a YTD return of 386.20%.
Beam (BEAM):
Amid increased price volatility in the cryptocurrency sector, BEAM cryptocurrency has seen a jump of around 10% over the past day, with a 100% increase in its trading volume. Additionally, the altcoin has added 6.60% over the past week, indicating a growing bullish sentiment in the cryptocurrency sector.
TradingView: BEAM/USDT
The Relative Strength Index (RSI) has successfully retested its oversold zone, which has led to a sharp rise in the altcoin’s price on its chart. Moreover, the average has seen a bullish curve, suggesting a positive outlook for BEAM price this week.
If Beam coin price continues to move in a bullish mood, it will prepare to test its upper resistance level of $0.028330. However, in case of a bearish reversal, the altcoin will fall towards its crucial support level of $0.013911.
SafePal (SFP):
SafePal is a cryptocurrency wallet launched in 2018 with the primary goal of helping its users protect and grow their digital assets. Built on the BNB Smart Chain (BEP20), SafePal provides both software and hardware wallets, all of which are paid and operated through the SafePal app.
Its native token “SFP” has been exhibiting bullish price action since the beginning of the year, indicating a bullish sentiment for the altcoin in the market. Notably, it has added 17.02% in the last seven days and has a year-to-date (YTD) return of 10.84%.
UNCX Network (UNCX):
Despite a decline of about 1% in its trading volume, the price of UNCX has added 4.12% to its portfolio in the last day and 5.33% in the last seven days. Additionally, the altcoin has surged 6.92% in the last 30 days and 43.57% this year.
TradingView: UNCX/USDT
The 50-day EMA acts as a support for the UNCX price chart in the 1D time frame, suggesting a strong bullish sentiment for the altcoin in the cryptocurrency market.
On the other hand, the MACD technical indicator shows a steady decline in the red histogram. Moreover, the averages display a potential bullish convergence in its price chart, suggesting a positive outlook for the altcoin this week.
Suppose the bulls continue to dominate the cryptocurrency market, the UNCX network price will prepare to test its upper resistance level of $396.5 this month. Conversely, if the bears dominate the bulls, the UNCX crypto will plunge towards its low of $311.